Barclays Boosts DuPont de Nemours (NYSE:DD) Price Target to $81.00

DuPont de Nemours (NYSE:DD) had its price objective upped by stock analysts at Barclays from $70.00 to $81.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage currently has an “equal weight” rating on the basic materials company’s stock. Barclays‘s target price points to a potential upside of 4.26% from the stock’s previous close.

A number of other analysts have also recently issued reports on DD. Mizuho raised their target price on shares of DuPont de Nemours from $76.00 to $83.00 and gave the stock a “buy” rating in a research note on Thursday. Royal Bank of Canada lifted their price target on shares of DuPont de Nemours from $75.00 to $83.00 and gave the company an “outperform” rating in a report on Wednesday, February 7th. StockNews.com upgraded shares of DuPont de Nemours from a “sell” rating to a “hold” rating in a research report on Wednesday, February 14th. Wolfe Research started coverage on shares of DuPont de Nemours in a research report on Friday, March 1st. They set a “peer perform” rating on the stock. Finally, TheStreet lowered shares of DuPont de Nemours from a “b-” rating to a “c” rating in a research note on Tuesday, February 6th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $79.70.

DuPont de Nemours Stock Performance

DD stock traded down $0.62 during midday trading on Thursday, hitting $77.69. The stock had a trading volume of 788,205 shares, compared to its average volume of 3,015,860. The firm has a market capitalization of $32.48 billion, a price-to-earnings ratio of 83.74, a P/E/G ratio of 2.38 and a beta of 1.39. DuPont de Nemours has a 52 week low of $61.14 and a 52 week high of $79.19. The stock has a 50-day simple moving average of $73.43 and a 200 day simple moving average of $72.02. The company has a current ratio of 2.43, a quick ratio of 1.73 and a debt-to-equity ratio of 0.32.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings data on Tuesday, February 6th. The basic materials company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.02. DuPont de Nemours had a return on equity of 6.12% and a net margin of 3.51%. The firm had revenue of $2.90 billion during the quarter, compared to analyst estimates of $2.92 billion. During the same period last year, the company earned $0.89 earnings per share. The company’s revenue was down 6.6% on a year-over-year basis. As a group, equities research analysts anticipate that DuPont de Nemours will post 3.49 earnings per share for the current year.

Insider Buying and Selling at DuPont de Nemours

In other DuPont de Nemours news, insider Michael G. Goss sold 2,354 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $72.80, for a total transaction of $171,371.20. Following the completion of the transaction, the insider now owns 15,587 shares of the company’s stock, valued at $1,134,733.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.56% of the company’s stock.

Hedge Funds Weigh In On DuPont de Nemours

Several institutional investors and hedge funds have recently modified their holdings of the stock. Lido Advisors LLC increased its holdings in DuPont de Nemours by 10.4% in the 3rd quarter. Lido Advisors LLC now owns 17,033 shares of the basic materials company’s stock worth $1,270,000 after buying an additional 1,609 shares in the last quarter. CHURCHILL MANAGEMENT Corp purchased a new stake in shares of DuPont de Nemours during the 4th quarter valued at about $1,859,000. Premier Path Wealth Partners LLC purchased a new stake in DuPont de Nemours in the 4th quarter worth approximately $1,031,000. abrdn plc increased its holdings in DuPont de Nemours by 30.9% in the 4th quarter. abrdn plc now owns 404,803 shares of the basic materials company’s stock worth $31,141,000 after acquiring an additional 95,505 shares in the last quarter. Finally, Louisiana State Employees Retirement System purchased a new stake in DuPont de Nemours in the 4th quarter worth approximately $2,000,000. 73.96% of the stock is currently owned by institutional investors.

About DuPont de Nemours

DuPont de Nemours, Inc provides technology-based materials and solutions in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa. It operates through Electronics & Industrial, Water & Protection, and Corporate & Other segments. The Electronics & Industrial segment supplies materials and solutions for the fabrication of semiconductors and integrated circuits.